Bank executive, husband plead guilty to embezzling $2.7M

BOSTON (AP) — A former Bank of America executive and her husband have pleaded guilty to embezzling more than $2.7 million from the bank through fraudulent charitable donations then using the money to fund a lavish lifestyle.

Authorities say the Rockland, Massachusetts, couple transferred bank money to various nonprofit organizations, and then demanded the return of a portion of the money in order to ensure that Bank of America would continue to fund the organization.